VECTRA Home Loans is highly committed to help you get the BEST mortgage loan
designed and tailored to your GOALS!
VECTRA Home Loans is highly committed to help you get the
BEST mortgage loan
designed and tailored to your GOALS!
LOAN PRODUCTS
CONVENTIONAL
Conventional loans are any type of creditor agreements that are not financed by the Veterans Administration (VA), or supported by the Federal Housing Administration (FHA). In general, all conventional loans are protected by government sponsored entities such as Fannie Mae (FNMA) and Freddie Mac (FHLMC).
FHA
FHA loans are mortgages backed by the U.S. Federal Housing Administration. Lenders, such as banks and credit unions, that provide FHA loans provide funding for home purchases while requiring a lower down payment. Buyers may get into a new home with as little as 3.5% down.
VA
VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at their credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt or save up money before they are willing to give you the loan.
JUMBO
Jumbo loans, also categorized as non-conforming loans, are available to borrowers that are looking to borrow an amount larger than the current maximum conforming loan limit set by the FHFA. Jumbo loans have their own maximum loan limits that vary by location.
USDA
The United States Department of Agriculture, USDA, administers the program but does not actually loan money. Similar to loans backed by the Department of Veterans Affairs, VA, or Federal Housing Administration, FHA, these loans are guaranteed by the USDA. Private lenders, such as banks or credit unions, still loan money to the home buyer but they know that the USDA will pay if the borrower is unable.
INVESTMENT & Non-QM Loans
Qualification methods vary from the standard process and product terms may also vary including but not limited to Interest Only Loans. Contact us for a full scenario analysis.
PRODUCTS
CONVENTIONAL
Conventional loans are any type of creditor agreements that are not financed by the Veterans Administration (VA), or supported by the Federal Housing Administration (FHA). In general, all conventional loans are protected by government sponsored entities such as Fannie Mae (FNMA) and Freddie Mac (FHLMC).
FHA
FHA loans are mortgages backed by the U.S. Federal Housing Administration. Lenders, such as banks and credit unions, that provide FHA loans provide funding for home purchases while requiring a lower down payment. Buyers may get into a new home with as little as 3.5% down.
VA
VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at their credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt or save up money before they are willing to give you the loan.
JUMBO
Jumbo loans, also categorized as non-conforming loans, are available to borrowers that are looking to borrow an amount larger than the current maximum conforming loan limit set by the FHFA. Jumbo loans have their own maximum loan limits that vary by location.
USDA
The United States Department of Agriculture, USDA, administers the program but does not actually loan money. Similar to loans backed by the Department of Veterans Affairs, VA, or Federal Housing Administration, FHA, these loans are guaranteed by the USDA. Private lenders, such as banks or credit unions, still loan money to the home buyer but they know that the USDA will pay if the borrower is unable.
INVESTMENT &
Non-QM Loans
Qualification methods vary from the standard process and product terms may also vary including but not limited to Interest Only Loans. Contact us for a full scenario analysis.
SAVE Thousands of Dollars with V-SAVE program!
SAVE Thousands of Dollars with
V-SAVE program!
Get In Touch
Email: info@vectrahomeloans.com
Address
Office: 6543 S Las Vegas Blvd, Las Vegas, NV 89119, United States
Note:
By appointment only. Please contact us for availability.
Assistance Hours
Mon – Fri 9:00am – 5:00pm
Saturday– CLOSED
Sunday – CLOSED
Phone Number:
(702) 945-0120
Get In Touch
Email: info@vectrahomeloans.com
Address
Office: 6543 S Las Vegas Blvd, Las Vegas, NV 89119, United States
Note
By appointment only. Please contact us for availability.
Assistance Hours
Mon – Fri 9:00am – 5:00pm
Saturday– CLOSED
Sunday – CLOSED
Phone Number
(702) 945-0120
